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NTC - Netcare Limited - Trading Statement - Unaudited group interim results for

Release Date: 04/05/2010 08:50
Code(s): NTC
Wrap Text

NTC - Netcare Limited - Trading Statement - Unaudited group interim results for the six months ended 31 March 2010 NETCARE LIMITED (Registration number 1996/008242/06) Code: NTC ISIN number: ZAE000011953 ("Netcare" or "the Group") TRADING STATEMENT - UNAUDITED GROUP INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 MARCH 2010 In terms of paragraph 3.4 (b) of the JSE Limited ("JSE") listings requirements, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported upon differ by at least 20% from that of the previous corresponding period. Netcare is in the process of finalising its unaudited Group interim results for the six months ended 31 March 2010, which are expected to be released on SENS on or about 17 May 2010. Netcare`s principal business interests are in the geographical regions of South Africa and the United Kingdom. Subject to the qualification referred to below, Netcare will report improved earnings in both regions for the six months ended 31 March 2010. Given the once off capital profit of R588 million realised on the disposal of Netcare`s interests in the Ampath Holdings Trust (Ampath) in the prior year, the basic earnings per share for the six month period ended 31 March 2010 will be lower than the prior year corresponding period. Having regard to the above, shareholders are advised that:- 1. On eliminating the effect of the Ampath capital profit, basic earnings per share (EPS) for the six months ended 31 March 2010 are expected to be between 20% and 30% higher than the EPS for the six months ended 31 March 2009; and 2. Headline earnings per share (HEPS) for the six months ended 31 March 2010 are also expected to be between 20% and 30% higher compared to the HEPS for the six months ended 31 March 2009. The financial information on which the above trading statement has been provided has been provided has neither been reviewed nor reported on by Netcare`s Auditors. Johannesburg 04 May 2010 Sponsor - Nedbank Capital Date: 04/05/2010 08:50:22 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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